$$$$$*** STREAMING ASIA ***$$$$$$$
Disclaimer - the views expressed below are taken from company literature and from my own personal opinion. They are presented to provide a beginning point for your own personal due diligence and are not meant to replace your own personal due diligence. They are my own personal views only and I offer no guarantees. In other words, do your own DD, don't rely on mine.
Streaming Asia
Company's Mission
Streaming Asia's mission is to deliver first-class streaming media solutions to customers with the best technical solution, the most reliable network and the latest advanced technologies in order that their multimedia messages can be delivered to the target audience in the most effective and efficient way.
Founded 1n 1999
Founders with in depth technical knowledge in Internet/Web technology
Core management team background:
Microsoft, IBM, Netscape / AOL, PSINet, Telstra and Lucent
Over 40 employees
Company History
June 1999 - Founded in 1999
Oct 1999 - Logic Space Hong Kong opened
Dec 1999 - Hartcourt joined Streaming Asia
June 2000 - Syndicate Asia established
MANAGEMENT TEAM
Patrick Kwan - Founder
Patrick is a founder of StreamingAsia and Logicspace. His prior experience comes from working in LinkAGE online Ltd. as Sales Manager for more that 4 years until the company was acquired by PSINet.
Terence Kwan - Founder
Prior to founding Logicspace Ltd. Terence was employed by industry leaders such as Microsoft USA and Netscape USA as an Internet Consultant and System Architect.
Alan Chow - C E O
Alan has senior management experience in a variety of IT companies spanning more than 10 years. His last position was with a subsidiary of Lucent Technology and Telstra Telecom.
Steven Leung - Technical Manager
Steven gained experience as an E-Commerce consultant with Compaq.
The Comapny
Being the first Internet Broadcaster to deliver real-time corporate conferences in Hong Kong, StreamingAsia.com is the leading Internet Broadcaster to provide comprehensive audio and video delivery or "streaming" solutions to business, professionals, organizations, web site owners and content publishers. Their network infrastructure enables them to stream superior-quality multimedia advertising, live event broadcasting and on-demand audio and video content over the Internet to target web-enabled audiences all over the world. StreamingAsia.com has a global network of powerful bandwidth with ATM technology connecting streaming servers in different locations throughout the world to ensure fast, high-quality and reliable video and audio broadcasting to audiences worldwide.
StreamingAsia.com provides full services to allow live real-time Internet Broadcasting and On-Demand Multimedia Content Delivery. This includes the following services:
Video shooting and editing, audio capture and editing, voice over service, video digitization service - "encoding", Internet video and audio broadcasting, Internet video and audio hosting, Internet video and audio mirror hosting ( HK, US, Taiwan and China) and live video with chat room and PowerPoint presentation. Products and services include MyStream, MyPowerStream, DigitalContentManager, Encoding Server, Video Server, E-learning Platform/Server and, coming soon an Education and Commercial version.
Office Locations
Current
Hong Kong
Los Angeles
San Jose
Beijing
Shanghai
Shenzhen
Guangzhou
Future - Next two years
Taiwan
Singapore
About the Group
StreamingAsia - the leading multimedia streaming technology solution and
broadband application provider.
Logicspace - the leading web technology solution provider including website design,
system architecture and strategic consultation.
SyndicateAsia - Content distribution, syndication platform and engine.
Achievements - The Six "Firsts"
July 1999 - the first Internet Business Broadcaster in Hong Kong
August 1999 - the first to be certified as "Microsoft Windows Media Service Provider" and "Microsoft Windows Media Software Product Vendor" in the Asia Region.
September 1999 - the first Internet Broadcaster to provide streaming solution to all Hong Kong Radio stations.
December 1999 - the first company to provide Intranet trading platform with China Telecom through SinoBull group.
January 2000 - the first to provide the China Region "WAP to email and email to WAP" for CellStar.
February 2000 - the first to provide the live fashion show with Skynetgroup for more than 5,000 concurrent viewers.
Revenue in 2000 and Projection for 2001 (estimated)
2000
Q1 - 2,500,000 HK
Q2 - 3,500,000 HK
Q3 - 4,200,000 HK
Q4 - 5,000,000 HK
2001
Q1 - 5,200,000 HK
Q2 - 7,000,000 HK
Q3 - 8,750,000 HK
Q4 - 11,200,000 HK
My impressions
We heard the presentation from Alan Chow, CEO of Streaming Asia at the Regal Hong Kong on the morning of 12/30/2000. Later that day we visited the offices of Streaming Asia in Central Hong Kong. Even though it was a Saturday late afternoon almost every desk was occupied and engaged in, what appeared to me, to be actual work. Now, was this done for our benefit? I have no way of knowing, what I had heard even before our visit, is that Streaming Asia was a very busy company working long hours every day. I have no reason to doubt that it was part for our benefit and part to accomplish objectives. We met several of the technical staff and I personally wandered around looking at the workstation displays and I spent some time in the digitizing room watching a program be converted from film to digital. I also have a customer list for Streaming Asia that is three pages long and lists of Logicspace customers and those who are involved in the efforts of SyndicateAsia.
While I have not been able to get my hands on actual financial statements, it is my understanding that StreamingAsia is profitable and that the IPO process is right on track.
Overview....this is an obvious area for the future. Streaming will take many forks in the future, from TV on demand (TIVO being the personal level) where the TV stations archive their shows for view on demand over the Internet, or another medium....to education on demand which can include college courses, corporate training, etc. Really the solutions will be widespread, especially when broadband is readily available to everyone....and wireless. The funds from the IPO will be utilized to purchase more equipment and to expand the business opportunities by buying out competition for consolidation and to expand into the corporate training and education areas. This is a fine company with execution and a vision. I personally plan on buying as much of Streaming Asia as I am allowed pre-IPO. But that is just my personal opinion. |
